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in 2013 regardless if we drive off the fiscal cliff or not. it is force the nation's hardest workers believe it or not cough up more dough. the country's wealthiest put uncle sam competence forever. joining us now. the government made all his mistakes, so the really wealthy people can pay for it all. speak the whole point is it can fit the bill. we'll add $10 trillion of debt, doesn't obama taught no tax increases. we're talking cover the debt over that time. it is not enough to prevent a debt crisis down the line. tracy: we have seen it time and time again. thougthe ability to wealth if yu have access to important people. they don't have to pay taxes after all. >> people don't work as hard as ithey otherwise would have, dont take risks so don't get the growth have not raised taxes. i think that's what would happen if we went with president obama's plan. they come it will not grow as fast as it would have. speetracy: inevitably our taxesl go up because the wealthy do not pay as much as they thought. >> there's not enough revenue at the top to
in 2013 regardless if we drive off the fiscal cliff or not. it is force the nation's hardest workers believe it or not cough up more dough. the country's wealthiest put uncle sam competence forever. joining us now. the government made all his mistakes, so the really wealthy people can pay for it all. speak the whole point is it can fit the bill. we'll add $10 trillion of debt, doesn't obama taught no tax increases. we're talking cover the debt over that time. it is not enough to prevent a debt...
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how the fiscal cliff could impact your tax bill? calculate how much you would pay under different policy scenarios on paul's "making sense" page. >> ifill: once congress gets past its budget woes, another huge domestic challenge awaits. republicans and democrats have said they will take up immigration reform. the question is how. last week a new pew hispanic center report showed illegal immigration is on the decline. last year there were 11.1 million illegal immigrants living in the country, down from 11.2 million in 2010. that's down from a peak of 12 million unauthorized immigrants reported in 2007. latino voters overwhelmingly supported president obama in november, and he has said immigration reform will be high on his second term agenda. homeland security secretary janet napolitano will oversee the administration's next steps. ray suarez sat down with her earlier today. >> suarez: secretary napolitano, welcome to the program. >> thank you. suarez: over the week past there's been a lot of reporting saying once we figure out what
how the fiscal cliff could impact your tax bill? calculate how much you would pay under different policy scenarios on paul's "making sense" page. >> ifill: once congress gets past its budget woes, another huge domestic challenge awaits. republicans and democrats have said they will take up immigration reform. the question is how. last week a new pew hispanic center report showed illegal immigration is on the decline. last year there were 11.1 million illegal immigrants living in...
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on the newshour tonight, we'll update negotiations aimed at avoiding the fiscal cliff. >> ifill: then, we look at michigan's debate over right-to- work laws which would prevent labor unions from requiring membership.
on the newshour tonight, we'll update negotiations aimed at avoiding the fiscal cliff. >> ifill: then, we look at michigan's debate over right-to- work laws which would prevent labor unions from requiring membership.
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"washingtonning on" journal" a look at the fiscal cliff. we will hear from jim do yle on how the fiscal clefted affected businesses and charles clark of the executive media group. earlier today, gene sperling reemphasize the obama registration tax on the wealthy. >> when you think again that we have an economy that is capable of having more winner take all outcomes. progressive taxation is not about redistribution. it is not about populism. it is about a national commitment to pay it forward. those of us who have benefited most from the innovation of the past seven obligation to pay for it to make sure we are giving this generation and the next generation the same building blocks in terms of education research so that they have the same chance to grow and prosper. in that sense, paying down deficits loss still investing is not about borrowing from the future. it is about investing in a more prosperous future. i think that is the overall frame. the processes are not things to be stopped but things to be in braised in shaped toward the progre
"washingtonning on" journal" a look at the fiscal cliff. we will hear from jim do yle on how the fiscal clefted affected businesses and charles clark of the executive media group. earlier today, gene sperling reemphasize the obama registration tax on the wealthy. >> when you think again that we have an economy that is capable of having more winner take all outcomes. progressive taxation is not about redistribution. it is not about populism. it is about a national commitment...
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is the fiscal cliff end game finally approaching? joining us now is ben white, politico's chief economic correspondent. ben, maybe it's good news they didn't come out and say, we're so far apart. >> it's a good sign. any time that boehner doesn't come out and say, we're nowhere, that's good. these things are going to get done in private. both sides need to leap off a bridge here. the republicans need to some how figure out how they're going to let the top rates go up. democrats need to swallow some changes to entitlement programs, raising the retirement age or changes. the less we hear, the better, in the next few days on the negotiations. as soon as you hear leaks saying these guys are too far apart, that's the problem. if we hear nothing, that's actually pretty good. >> are we starting to see the beginning of the gop move into the center with the comments over the weekend from senator corker and this morning, letting the tax rates go higher so the shift can be, the time shift can be spent on entitlements. >> the republicans some ho
is the fiscal cliff end game finally approaching? joining us now is ben white, politico's chief economic correspondent. ben, maybe it's good news they didn't come out and say, we're so far apart. >> it's a good sign. any time that boehner doesn't come out and say, we're nowhere, that's good. these things are going to get done in private. both sides need to leap off a bridge here. the republicans need to some how figure out how they're going to let the top rates go up. democrats need to...
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pathetic defense. >>> up next, the fiscal cliff. president obama's in campaign mode while republicans are considering, well, considering. can the president pull off a historic victory? maybe. you're watching "hardball," the place for politics. ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. because it's nice to have an extra pair of hands around of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicar
pathetic defense. >>> up next, the fiscal cliff. president obama's in campaign mode while republicans are considering, well, considering. can the president pull off a historic victory? maybe. you're watching "hardball," the place for politics. ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give...
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that deadline isn't even the real fiscal cliff. david: that strategist is none other than peter schiff, ceo of europacific precious metals. friend of the show. peter, although i wish it was under better circumstances. you say the real cliff coming is bigger han the housing mess, bigger than the housing crisis we went through. it's the bond mess. specifically when the fed stops printing money to buy up treasurys all hell will break loose, right? >> well, and if it continues to print money it will be a bigger hell. if we avoid the fiscal cliff we end up throwing the dollar over the currency cliff because we send a message to the world america will never pay its bills. we'll keep borrowing money until the creditors cut us off. that is when interest rates skyrocket. the pressure on the fed and if the fed caves in to buy up all the bonds nobody wants we destroy the dollar. that is even bigger crisis than if we let the bond market collapse and let it take the economy with it. liz: let's not start so macro. we're throwing out this term th
that deadline isn't even the real fiscal cliff. david: that strategist is none other than peter schiff, ceo of europacific precious metals. friend of the show. peter, although i wish it was under better circumstances. you say the real cliff coming is bigger han the housing mess, bigger than the housing crisis we went through. it's the bond mess. specifically when the fed stops printing money to buy up treasurys all hell will break loose, right? >> well, and if it continues to print money...
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fiscal cliff, obviously dominant on the scene. no major events, as i see them scheduled those there will be some of the joint committee in congress on thursday, talks about some of the outcomes, should we go over fiscal cliff. and then looking beyond that, really, it's really about the euro zone and keep an eye out. we have meetings going on wednesday, thursday, friday. >> got it. chad, what about you? >> bill and mandy, three things to watch for tomorrow. as your previous guest said, wholesale inventory number. you have to watch that, if you start to see a long-term trend where the companies are building inventories, that's something more ominous to the economy. the small business index coming out tomorrow. that, of course, should show a gradual increase in its pace. and the federal reserve is starting their meetings tomorrow, so, for wednesday, we're expecting an additional $40 billion every month of additional treasury purchases to take place on the operation twist. >> jennifer, 30 seconds. what do you see tomorrow? >> yeah, we
fiscal cliff, obviously dominant on the scene. no major events, as i see them scheduled those there will be some of the joint committee in congress on thursday, talks about some of the outcomes, should we go over fiscal cliff. and then looking beyond that, really, it's really about the euro zone and keep an eye out. we have meetings going on wednesday, thursday, friday. >> got it. chad, what about you? >> bill and mandy, three things to watch for tomorrow. as your previous guest...
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are you really going to tell me we can't settle the stupid fiscal cliff? washington, i want you to tell that to these guys. to their face, without their helmets on. i dare you. and tomorrow, i dare all of washington to not get something done while i'm there
are you really going to tell me we can't settle the stupid fiscal cliff? washington, i want you to tell that to these guys. to their face, without their helmets on. i dare you. and tomorrow, i dare all of washington to not get something done while i'm there
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are you really going to tell me we can't settle the stupid fiscal cliff? washington, i want you to tell that to these guys. to their face, without their helmets on. i dare you. and tomorrow, i dare all of washington to not get something done while i'm there in the flesh. whether a superhero or astronaut wannabe because we're down there with a live show with john mccain, chris van hollen, marco rubio, many others. at the white house, everywhere, because we figure this matters to you.
are you really going to tell me we can't settle the stupid fiscal cliff? washington, i want you to tell that to these guys. to their face, without their helmets on. i dare you. and tomorrow, i dare all of washington to not get something done while i'm there in the flesh. whether a superhero or astronaut wannabe because we're down there with a live show with john mccain, chris van hollen, marco rubio, many others. at the white house, everywhere, because we figure this matters to you.
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and they've never even heard the fiscal cliff. >> this is news to me. i didn't hear that part. >> reporter: anthony spent sunday, seeking fema dollars. he's homeless and can't understand how congress can help cut vital budgets like fema's? >> crazy. doesn't make sense. we need it down here. and there's a -- people down here a lot more destitute than me. >> reporter: congress now has time to figure it out. in new york's staten island, drew levinson, wjz eyewitness news. >> governors from new york and new jersey were in washington last week, asking for more aide from president obama. -- aid from president obama. >>> christmas comes early for pope benedict. the vehicles are designed specifically if for the -- specifically for the holy see by the german luxury car maker, mercedes benz. they are based on the four- wheel drive, m-class mercedes. this will be added to the fleet of six heavily armored cars and vehicles. i bet he tweeted about that. >>> with the childhood obesity epidemic growing, many parents are looking at ways to cut their child's risk. now a
and they've never even heard the fiscal cliff. >> this is news to me. i didn't hear that part. >> reporter: anthony spent sunday, seeking fema dollars. he's homeless and can't understand how congress can help cut vital budgets like fema's? >> crazy. doesn't make sense. we need it down here. and there's a -- people down here a lot more destitute than me. >> reporter: congress now has time to figure it out. in new york's staten island, drew levinson, wjz eyewitness news....
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as a diesel engine plant, president obama stood his ground on the fiscal cliff. >> all congress needs to do is pass a law that would prehaven't a tax hike on the first $250 of everybody's income. >> the latest campaign stop had an announcement. business leaders warn this time of investment will suffer without a deal to avoid billions in tax increases and spending cuts next year. >> we have more than -- i think 103 ceos in town last week. the message was sit down, work it out. back in washington there's new momentum. yesterday p many p.m. and house speaker john boehner met one on one for the first time this year. then today staffers continued the private negotiations. the sooner the better, we all know el that. >> reporter: an increasing number of -- >> i actually amb ginning to believe that is the best route for us to take to again shift the focus where it needs to be, which is on entitlements. >> reporter: and budget experts see more democrats open to cutting social security and medicare. >> it's like, gosh, senator durbin, who is very, very close to the president, saying hey, look,
as a diesel engine plant, president obama stood his ground on the fiscal cliff. >> all congress needs to do is pass a law that would prehaven't a tax hike on the first $250 of everybody's income. >> the latest campaign stop had an announcement. business leaders warn this time of investment will suffer without a deal to avoid billions in tax increases and spending cuts next year. >> we have more than -- i think 103 ceos in town last week. the message was sit down, work it out....
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one is the fiscal cliff. and the recession in europe. if things continue to slow down economically, we'll see less demand for gasoline. if there's more tension in the middle east, we'll see higher prices for oil. those are two things that could affect the price of oil, which will affect the price of gasoline. one thing to remember, that over the last ten years or so, wolf, demand for gasoline has started to drop off, as cars have become more efficient and as we've become better conservers. you'll probably see the price of gasoline head up again in the interim but for the time being you're probably looking at lower gas prices, wolf. >> we'll take it, no one's complaining obviously. thanks very much. >>> a u.s. navy s.e.a.l. rescue in afghanistan turns tragic. we have details on the member of that elite s.e.a.l. team killed while saving an american held captive. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, glob
one is the fiscal cliff. and the recession in europe. if things continue to slow down economically, we'll see less demand for gasoline. if there's more tension in the middle east, we'll see higher prices for oil. those are two things that could affect the price of oil, which will affect the price of gasoline. one thing to remember, that over the last ten years or so, wolf, demand for gasoline has started to drop off, as cars have become more efficient and as we've become better conservers....
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what should the transition to the fiscal cliff here? are you sleeping nights thinking about all this? or how are you viewing what's going on in washington right now? >> people ask me what keeps me awake at night. i said nothing is important to keep me awake at night. that doesn't really advance the ball, one might say. you know, i can see the outlines of the fiscal cliff being avoided right now. reading a little bit behind the scenes. all i'm doing is paying attention to what's going on out there. i don't have the inside information or anything. but it has to be done. it has to be fixed. and i assume it will be. and i often quote churchill. maybe even on your show once, bill. that said americans always do the right thing but only after they've tried everything else. so we've tried everything else. that leaves us for the right thing which is some tax increases and some cuts in long-term benefits, medicare, social security, and so on. >> in which case and i hate saying this because it obviously shoots ourselves in the foot. are you advoca
what should the transition to the fiscal cliff here? are you sleeping nights thinking about all this? or how are you viewing what's going on in washington right now? >> people ask me what keeps me awake at night. i said nothing is important to keep me awake at night. that doesn't really advance the ball, one might say. you know, i can see the outlines of the fiscal cliff being avoided right now. reading a little bit behind the scenes. all i'm doing is paying attention to what's going on...
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peter, to you first. >> not the fiscal cliff. not today. just a day at a meeting speaker john boehner at the white house, president obama extended a little olive branch in avoiding the fiscal cliff. >> i have said i will work with republicans on a plan for economic growth, job creation and reducing our deficits. and had some common western democrats and republicans, i understand people have a lot of different views, i'm willing to compromise a little bit. >> the white house would not disclose any details of the meeting with the president and the speaker yesterday. both sides confirming communications are open. speaker john boehner saying discussions are taking place. liz: maybe the fact they're keeping quiet may mean something is really going to happen. keep dreaming. >> does politics have to watch out what is happening in silicon valley. apple and google compete on so many different rounds. but they're actually coming together to co-compete on a bid for the patents that kodak holds. 1100 patents, half a billion dollars. they realize instea
peter, to you first. >> not the fiscal cliff. not today. just a day at a meeting speaker john boehner at the white house, president obama extended a little olive branch in avoiding the fiscal cliff. >> i have said i will work with republicans on a plan for economic growth, job creation and reducing our deficits. and had some common western democrats and republicans, i understand people have a lot of different views, i'm willing to compromise a little bit. >> the white house...
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waiting for news on the fiscal cliff and what ben bernanke if he have anything to say about the fiscal cliff after two-day meeting by federal reserve. they are also watching for bond action. i want to touch on something you were saying. mcdonald's, a a contributor to the dow strength. these are contributing, very moderate strength. we are seeing strength and materials, healthcare industrials, that where mcdonald's trades, they are lower today. one of the reasons we were talking about same store sales and mcdonald's being stronger, that is a boost to its stock. but we have seen a pull back, most notably the gap before pressure. disappointed and a number of retailers did. that number is a mixed as we head toward thursday. the retailers on the retail sales figures for the month of november. quickly, touch on one deal today. honeywell making acquisition of intermac. $10 a share. honeywell, it wasn't unexpected. started taking a leg down on that. brian back to you. >> mary, thank you. >>> part of what is giving the market move today along with renewed confidence perhaps. in the chinese econ
waiting for news on the fiscal cliff and what ben bernanke if he have anything to say about the fiscal cliff after two-day meeting by federal reserve. they are also watching for bond action. i want to touch on something you were saying. mcdonald's, a a contributor to the dow strength. these are contributing, very moderate strength. we are seeing strength and materials, healthcare industrials, that where mcdonald's trades, they are lower today. one of the reasons we were talking about same store...
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back to the talks on the fiscal cliff. did you know this, that meeting, the president had with the speaker of the house, john boehner, just yesterday at the white house, that was their first face to face one on one meeting in more than a year. they did meet, yes, a couple of weeks ago, with several other members of congress, but it has been quite a while since the two men have negotiated one on one. keep in mind they're the ones trying to do the deal here to avert this fiscal cliff. the tax hikes, the spending cutting scheduled for the first of the week now. join ming me from washington is senator olympia snowe. are you hearing -- what might you be hearing between the president and spirit? >> i think it is optimistic in the sense that at least they have met once again because i think that that is going to be crucial and central to any resolution, to the fiscal cliff crisis. and the more they meet and more that they have these lines of communications opened on a daily basis and their staffs are meeting, the more likely we'l
back to the talks on the fiscal cliff. did you know this, that meeting, the president had with the speaker of the house, john boehner, just yesterday at the white house, that was their first face to face one on one meeting in more than a year. they did meet, yes, a couple of weeks ago, with several other members of congress, but it has been quite a while since the two men have negotiated one on one. keep in mind they're the ones trying to do the deal here to avert this fiscal cliff. the tax...
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the reason, well, the fiscal cliff. the current rate is 35%. only those estates worth 5 million or more have to file. if we go off the cliff the rate shoots up to 55%. anyone worth an estate worth $1 million or more has it file. that will catch tens of thousands of tax payers in the net of the estate tax. republicans want it abolished or current rates to be made permanent. obama wants 45% rate and 3.5 million cut off. that mid way between today's rates and old rate. the problem is that even some democrats are siding with republicans saying they want it keep current rates. all the sides here tyler remain very far apart. wealthy families need 20 rewrite their wills and charity plans. for the country, there are hundreds of billions of dollars at stake. under old rates, they raise $532 billion by 2021. obama plan raised around $270 billion, about half. gop raises about $161 billion. the fight over taxing the rich, especially in the estate tax, is far from over. back to you, tyler. >> not the first time the estate tax has come up in these kinds of n
the reason, well, the fiscal cliff. the current rate is 35%. only those estates worth 5 million or more have to file. if we go off the cliff the rate shoots up to 55%. anyone worth an estate worth $1 million or more has it file. that will catch tens of thousands of tax payers in the net of the estate tax. republicans want it abolished or current rates to be made permanent. obama wants 45% rate and 3.5 million cut off. that mid way between today's rates and old rate. the problem is that even...
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all right, stocks closely watching the fiscal cliff talks. coming up, chief investment officer will tell us what will happen if there is a deal where if there is no deal. ashley: michael bloomberg crack a joke the only people buying egos. he could soon become one of those. as it everyday at this time, take a look at how oil is trading moving slightly lower even though the suggestion demand from china is off, oil down slightly by $0.10, 85.83 per barrel. tracy: it is time to make some money with charles payne. this hour he is looking at online networking site linked in. getting a little bounce, but has been on a tear. charles: this is a incredible stock. you put six flights out of business. i'm telling you right now. today part of the reason it is up, kind of odd, some sort of stock speculation mayor bloomberg may be interested in doing something, taking it over. even without that, this is a stock i like a lot. at least the third time this year my subscribers are in a stock. the latter earning report my two cents coby district by 100%, the sto
all right, stocks closely watching the fiscal cliff talks. coming up, chief investment officer will tell us what will happen if there is a deal where if there is no deal. ashley: michael bloomberg crack a joke the only people buying egos. he could soon become one of those. as it everyday at this time, take a look at how oil is trading moving slightly lower even though the suggestion demand from china is off, oil down slightly by $0.10, 85.83 per barrel. tracy: it is time to make some money with...
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cliff through his recipe of higher taxes on the wealthy. we are also hearing reports that mr. obama may weigh in on the explosive right-to-work fight that is raging through the state of michigan right now. we're going to get to that in a minute. while back in washington new questions arising today about plans for the start of the president's second term. wait until you hear this. brand new hour here of "america live." welcome, everybody, i'm megyn kelly. the white house press corps has sent a letter to the obama administration with questions about whether president obama's swearing-in could be kept from the press. katie pavlich is the news editor at town hall.com and with me now. katie, welcome back to the program. >> great to be here. megyn: so this is a surprising controversy. the constitution doesn't say that much about the inauguration, but it does tell us what day we're supposed to have it on, and this year that is triggering some controversy. explain. >> right. well, this year the inauguration is january 20th for president obama, and
cliff through his recipe of higher taxes on the wealthy. we are also hearing reports that mr. obama may weigh in on the explosive right-to-work fight that is raging through the state of michigan right now. we're going to get to that in a minute. while back in washington new questions arising today about plans for the start of the president's second term. wait until you hear this. brand new hour here of "america live." welcome, everybody, i'm megyn kelly. the white house press corps...
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cliff, but also help us avert the fiscal abyss. if president obama were to offer such a plan, republicans would act favorably. going over the cliff is unnecessary. as it has been observed in "the wall street journal," the president is boxing in the republicans. he is offering them a deal they cannot accept. first, the president has repeatedly called for a balanced solution involving both revenue and less spending. what is obvious to the most casual observer is that this plan is not a balanced. the fiscal cliff involves nearly four dollars of anticipated revenue from higher taxes for every dollar of spending cuts, yet the president wants more revenue and fewer spending cuts. if we fell off the cliff, his plan calls for another round of stimulus spending. you have got to be kidding me. what the president's plan lacks is any reform in our entitlement system. the unrestrained growth in entitlement system is driving deficits and driving the debt even higher than the percentage of our gdp. it is estimated to be as high as $128 trillion.
cliff, but also help us avert the fiscal abyss. if president obama were to offer such a plan, republicans would act favorably. going over the cliff is unnecessary. as it has been observed in "the wall street journal," the president is boxing in the republicans. he is offering them a deal they cannot accept. first, the president has repeatedly called for a balanced solution involving both revenue and less spending. what is obvious to the most casual observer is that this plan is not a...
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on the other side of the fiscal cliff you do. it gives homeowners a tax break on unpaid mortgage debt and expires on december 31st unless congress acts. >> the average amount that homeowners are short in a short sale is $95,000. if this tax break goes away as part of the so-called fiscal cliff, those homeowners could be taxed on that $95,000 as additional income starting in 2013. >> how much homeowners will owe in taxes on that amount depending on the tax bracket they're in. on average it would be between 20 to $25,000. the banks have an extra incentive to stel short and absorb the loss. under the national mortgage settlement act that went into effect earlier this year, the nation's biggest lenders get a credit for short sales as a form of foreclosure relief. foreclosures sell for $3700 less than homes via short sale. as we near the fiscal cliff you could expect short sales jump more as homeowners look it to aavoid gigt hit with tacks and bankss with foreclosed prormts. if we go over the cliff, the tax bill homeowners face with a
on the other side of the fiscal cliff you do. it gives homeowners a tax break on unpaid mortgage debt and expires on december 31st unless congress acts. >> the average amount that homeowners are short in a short sale is $95,000. if this tax break goes away as part of the so-called fiscal cliff, those homeowners could be taxed on that $95,000 as additional income starting in 2013. >> how much homeowners will owe in taxes on that amount depending on the tax bracket they're in. on...
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>> we should all jump off the fiscal cliff. you and the lemmings. >> if republicans accept tax debts, that will be worse than obama's re-election. spiraling of this sort of drone suicide. >> stephanie: somebody building a thesaurus for apocalyptic -- >> back to bill crystal saying the world is unraveling on obama's watch. here it is. election day was mass suicide. this is such a tiny fraction of the population. views politics and obama -- that way now. the only weird part is they've got cameras pointed at them that's on television. they've got a platform. so they -- you know, again they're such a radical minority. this notion that everyone, you know thinks obama's re-election was a disaster. or was a suicide. >> trying to put on the black -- and cut off your junk. >> wow. that's a 1996 reference. [ laughter ] >> stephanie: but it is true. if the parallel universe continues. in the real world, we had a great new employment reporter on friday and monica crowley's world, it is just, you know, death and destruction. and dogs and ca
>> we should all jump off the fiscal cliff. you and the lemmings. >> if republicans accept tax debts, that will be worse than obama's re-election. spiraling of this sort of drone suicide. >> stephanie: somebody building a thesaurus for apocalyptic -- >> back to bill crystal saying the world is unraveling on obama's watch. here it is. election day was mass suicide. this is such a tiny fraction of the population. views politics and obama -- that way now. the only weird...
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Dec 10, 2012
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president, the fiscal cliff presents us with a pivotal moment. how we tax our citizens is ultimately a question of what we stand for. with respect to the death tax, the question is whether we stand for families and jobs or whether we stand for redistribution regardless of the consequences. we need to resolve the death tax policy. we can no longer afford to put small business, family farms and individuals in a position where each year uncertainty about the death tax rate and exemption amount causes them to divert income away from creating jobs and towards unnecessary death tax planning. this is important stuff, and it's not something that can just blindly, just wipe out. it is time for the president to lead on this issue. the president tellingly said when he was running for president in 2008 that his experience running for president was one of the critical bullets on his resume qualifying him for the job. other than writing and part-time teaching, president obama has made a career running for office. well, he will never run for office again, as fa
president, the fiscal cliff presents us with a pivotal moment. how we tax our citizens is ultimately a question of what we stand for. with respect to the death tax, the question is whether we stand for families and jobs or whether we stand for redistribution regardless of the consequences. we need to resolve the death tax policy. we can no longer afford to put small business, family farms and individuals in a position where each year uncertainty about the death tax rate and exemption amount...
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Dec 10, 2012
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cheryl: and fiscal cliff fire sale. you will not believe what is going on in the hamptons' real estate market. we have a broker who says he can save you up to a million bucks on a home just like this one. deb dennis only 17.7mil. nicole petallides at the new york stock exchange. seeing green. >> reporter: nice little bargain there. hey, if you're saving a million oo more, that's a good bargain. we are seeing green across the board here, right now the dow jones industrials up one-quarter of 1%. let's take a look at the major averages, the dow jones industrials up 28 points, the tech-heavy nasdaq, we are seeing a lot of the tech stocks leading the way, but the composite is up 12 points almost half a percent in the s&p 500. also a winner. but let's take a lock at mcdonald's, one of the better performers on the dow. same-store sales were actually up, finally, once again because in october the same-store sales declined for the first time in nine years. so people began to worry. but, don't worry, because mcdonald's posted gai
cheryl: and fiscal cliff fire sale. you will not believe what is going on in the hamptons' real estate market. we have a broker who says he can save you up to a million bucks on a home just like this one. deb dennis only 17.7mil. nicole petallides at the new york stock exchange. seeing green. >> reporter: nice little bargain there. hey, if you're saving a million oo more, that's a good bargain. we are seeing green across the board here, right now the dow jones industrials up one-quarter...
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Dec 10, 2012
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fiscal cliff. i said it. i know you've heard it. a lot. but it turns out you might not have heard it enough because after another week without real progress in washington, the possibility of plunging off that cliff is become iing more of a reality and we're just tu 22 days and counting, but for the first time in ore three weeks, president obama and house speaker john boehner actually stood in the same room. they breathed the same air, folks, and they talked and that's a big deal. especially since there's been so little of that going on lately. after the meeting, spokesman for both boehner and the president issued identical statements. that's nice. simply saying the line of communication remain open. that is promising according to former white house chief of staff erskine bowles. >> they've started to tango now and anytime you've got two guys tangoing. you've got a chance to get it done. >> how are the warnings affecting you? the american consumer. in the last few weeks, we have seen record shopping and black friday sales. we've also seen j
fiscal cliff. i said it. i know you've heard it. a lot. but it turns out you might not have heard it enough because after another week without real progress in washington, the possibility of plunging off that cliff is become iing more of a reality and we're just tu 22 days and counting, but for the first time in ore three weeks, president obama and house speaker john boehner actually stood in the same room. they breathed the same air, folks, and they talked and that's a big deal. especially...
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Dec 10, 2012
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the fiscal cliff crisis and what going off it could actually mean for us. there seems to be little disagreement what this is all about. take a listen. >> when you're addicted to debt, 16 trillion bucks and you're in the hole, one trillion, and the markets will jump in and nobody will know when that is. the tippingpoint was always described by dick durbin, when will it happen? when it happens interest rates will go up, inflation will go up and guy that gets hurt the worst is the little guy. >> i think the overhyping of deficit, the deficit mania that is seized this town is kind of crazy. i mean i love alan simpson and erskine bowles, they're talking about inflation at a moment when people are paying us money to invest in our treasury bonds? jenna: charles payne, fox business network. he has his own list what we should worry about, charles, who is right here? >> reporter: i got to tell you the idea people are giving us money, america to our treasury bonds doesn't necessarily mean it is a vote of confidence in america. means the alternatives, traditional alter
the fiscal cliff crisis and what going off it could actually mean for us. there seems to be little disagreement what this is all about. take a listen. >> when you're addicted to debt, 16 trillion bucks and you're in the hole, one trillion, and the markets will jump in and nobody will know when that is. the tippingpoint was always described by dick durbin, when will it happen? when it happens interest rates will go up, inflation will go up and guy that gets hurt the worst is the little...
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Dec 10, 2012
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MSNBC
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perhapsly have resolved the whole fiscal cliff thing in the meantime. >> excellent. >> president obama is taking his great reasonableness tour on the road again, but before the president presses his case in michigan, he and speaker boehner hold a closed-door our lips are sealed meeting on the fiscal cliff. are the seas slowly parting for compromise? we will ask michael steele, jonathan tate, and margaret carlson. plus, sweeping historic legislation from the white house or hair-tugging small ball congressional battle? what shape will immigration reform take? we will ask jose diaz ballart. >>> the supreme court gears up for laned mark term for some rights. we will look at the high court's high-low options in deciding the future of same-sex marriage. all that when "now" starts in a mere 180 seconds. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! i just finished a bowl of your new light c
perhapsly have resolved the whole fiscal cliff thing in the meantime. >> excellent. >> president obama is taking his great reasonableness tour on the road again, but before the president presses his case in michigan, he and speaker boehner hold a closed-door our lips are sealed meeting on the fiscal cliff. are the seas slowly parting for compromise? we will ask michael steele, jonathan tate, and margaret carlson. plus, sweeping historic legislation from the white house or...
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Dec 10, 2012
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there are 22 days left to the fiscal cliff deadline. there is no deal yet, but the two leading players are now talking face to face. >> and some republicans m congress are pushing their leaders to be a little bit more flexible. major garrett is at the white house. major, good morning. >> reporter: good morning, charlie and norah. the white house meeting yesterday between president obama and speaker boehner occurred after the president extended that invitation to boehner quite quietly on friday. after the meeting, both were described as hopeful. even so, a followup meeting between white house staff and republican congressional staff on underlying details of a fiscal cliff deal apparently achieved little progress. the president met with boehner after huddling friday with house minority leader nancy pelosi and telephoning senate majority leader harry reid. both democrats wanted to make sure president obama will not freeze them out of fiscal cliff negotiations. far from frozen, some set of republicans appear to be warming to higher tax rate
there are 22 days left to the fiscal cliff deadline. there is no deal yet, but the two leading players are now talking face to face. >> and some republicans m congress are pushing their leaders to be a little bit more flexible. major garrett is at the white house. major, good morning. >> reporter: good morning, charlie and norah. the white house meeting yesterday between president obama and speaker boehner occurred after the president extended that invitation to boehner quite...
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Dec 10, 2012
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. >>> oh, and you thought all you had to get through was the fiscal cliff fight. no. president obama's team is already working on the next big battle with republicans. immigration reform. politico reports the president is set to push his immigration plan soon and, quote, while top republicans think they need to make a big move on the issue and actually want a bipartisan deal with obama, the rank and file remains skeptical. joining me now, co-author of that article, jim vandahigh. let's start with a scene setter. when top republicans talk about making a big move, what do they mean? >> first you need to look back at the election. they look at the results and they saw mitt romney lost hispanics by 44 points. i think establishment republicans are saying we got to do something and do something fast on immigration reform. particularly with providing a pathway to citizenship for illegal immigrants which has been a nonstarter for republicans until the last couple of weeks. what they're counseling their members to do is, listen, let's do a big deal with the president where we
. >>> oh, and you thought all you had to get through was the fiscal cliff fight. no. president obama's team is already working on the next big battle with republicans. immigration reform. politico reports the president is set to push his immigration plan soon and, quote, while top republicans think they need to make a big move on the issue and actually want a bipartisan deal with obama, the rank and file remains skeptical. joining me now, co-author of that article, jim vandahigh. let's...
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Dec 10, 2012
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it's part of the president's -- on the fiscal cliff. it's part of the president's plan to help raise taxes on the 2% of wealthy americans. >>> and president obama met privately with house speaker john boehner at the white house over the weekend. it was their first one-on-one meeting since the crisis. >>> 8:06. a federal judge expected to approve a plan to give control of the oakland police department to a court-appointed director. this comes after oakland failed to meet a federal judge's order to make reforms agreed to in the settlement of the riders police brutality case. the director will have the power to spend city money, change police procedures and if the police department continues to fail to make reforms even fire the police chief. >>> well, a man accused of shooting and killing a driver in a road-rage incident is talking now. brian jones is in the sacramento county jail. now, he admitted he fired shots at another driver in sacramento. it happened after jones says his sister said she was being followed by someone she didn't know
it's part of the president's -- on the fiscal cliff. it's part of the president's plan to help raise taxes on the 2% of wealthy americans. >>> and president obama met privately with house speaker john boehner at the white house over the weekend. it was their first one-on-one meeting since the crisis. >>> 8:06. a federal judge expected to approve a plan to give control of the oakland police department to a court-appointed director. this comes after oakland failed to meet a...
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Dec 10, 2012
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. >>> we turn now to the fiscal cliff. just 22 days before everyone's taxes go up, every government program is cut. there's a bit of hope that a deal to avoid the consequences could be coming, sparked by the first meeting in weeks between the president and john boehner. jake, what do we know about the meeting? >> reporter: they spoke on the phone on friday and set up a meeting for yesterday. speaker boehner did come here. and though i don't think there's any reason to believe we're really close to a deal, progress has been made, though one side of the talks staaid that that progress is fragile. >> we're getting close to the point, really, by tend of the week, if they're not a lot closer, it might be too hard to do by the end of the year. >> there could be a quick fix solution. republicans agree to keep the tax cuts in place for the 98% of the country. avoid tax cuts for a few month, go take winter break. that would not be a long-term solution but would avert the fiscal cliff. >> hillary clinton's future, talking about her
. >>> we turn now to the fiscal cliff. just 22 days before everyone's taxes go up, every government program is cut. there's a bit of hope that a deal to avoid the consequences could be coming, sparked by the first meeting in weeks between the president and john boehner. jake, what do we know about the meeting? >> reporter: they spoke on the phone on friday and set up a meeting for yesterday. speaker boehner did come here. and though i don't think there's any reason to believe...
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KRON
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. >> just three weeks until fiscal cliff, and president obama and house speaker john boehner had a private meeting at the white house yesterday to discuss the deal. the president and speaker refuse to speak about itself of the meeting. some republican about putting increased pressure on party leaders to rethink opposition to tax hikes on the wealthy and taken it entitled cuts in return. many house republicans refused to support tax hikes under any circumstances. the democrats have been skeptical about rushing through in time or four before the end of the year. >> same-sex couples can now officially tied the knot in washington state. >> yesterday mark the first day that those couples are able to legally marry. there are more than 140 people that registered to marry at seattle city hall. seattle mayor mike mcginn called in a great and joy is a day with a noose rights be recognized. >> we will be right back--a new civil rights being recognized you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our emplo
. >> just three weeks until fiscal cliff, and president obama and house speaker john boehner had a private meeting at the white house yesterday to discuss the deal. the president and speaker refuse to speak about itself of the meeting. some republican about putting increased pressure on party leaders to rethink opposition to tax hikes on the wealthy and taken it entitled cuts in return. many house republicans refused to support tax hikes under any circumstances. the democrats have been...
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Dec 10, 2012
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they see this fiscal cliff at the end of the year. even if it is a bad deal, we will have much stronger growth at the back half. stuart: do they think president obama gets the credit for this? >> they were not really keen on saying that at that very moment. certainly, if we fall off the cliff, it will be the republicans fault. >> i think it will be a bad deal. i do not see serious spending
they see this fiscal cliff at the end of the year. even if it is a bad deal, we will have much stronger growth at the back half. stuart: do they think president obama gets the credit for this? >> they were not really keen on saying that at that very moment. certainly, if we fall off the cliff, it will be the republicans fault. >> i think it will be a bad deal. i do not see serious spending
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Dec 10, 2012
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and in part, they cite the fiscal cliff. i think if you were out there, you would get answers that would not necessarily describe it correctly. >> it's a shame it's called fiscal cliff. and called radical tax increase. it was meant to cause a recession. the government felt in its infinite wisdom that -- >> you think it's a radical tax increase? >> i think so, yeah. i think you'll notice it in your paycheck for certain. >> that's absolutely for sure. >> your first check, second paycheck, then you get the chaos that bowles mentioned. and the chaos is, wow, i have much less to spend. i didn't know this was coming. alternative minimum tax being the silent killer who really understands how much more they have to pay, check at the end of the year. do the math. >> we saw it in the consumer sentiment numbers, and what it will be when the increases actually go through. most of that decline in sentiment that we saw on friday was from households earning more than $75,000. a higher income in this survey, households felt it the most, eve
and in part, they cite the fiscal cliff. i think if you were out there, you would get answers that would not necessarily describe it correctly. >> it's a shame it's called fiscal cliff. and called radical tax increase. it was meant to cause a recession. the government felt in its infinite wisdom that -- >> you think it's a radical tax increase? >> i think so, yeah. i think you'll notice it in your paycheck for certain. >> that's absolutely for sure. >> your first...
WHUT (Howard University Television)
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Dec 10, 2012
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. >> it has probably not escaped your attention that the mantra "fiscal cliff, fiscal cliff, fiscal cliff" is played out every night on the evening news and the corporate news. what does that say to you? that you'd get "fiscal cliff, fiscal cliff," but not "job crisis, job crisis, job crisis"? >> it tells me, quite frankly, that many of these people, who by the way did not have much to say about the deficit when we went to war in iraq and afghanistan and didn't pay for it, i didn't hear from any people in the media complaining about that. what it tells me is that behind the corporate drive for deficit reduction is a significant effort to try to cut social security, medicare, and medicaid and other programs that working families need, not so much because of deficit reduction, because this has been the agenda of republicans and right wingers for a very long time. >> so how do you see this fiscal debate playing out in the next couple of weeks? >> we have, those of us who say that deficit reduction is a serious issue, i believe it is. but believe very strongly that at a time when we have the
. >> it has probably not escaped your attention that the mantra "fiscal cliff, fiscal cliff, fiscal cliff" is played out every night on the evening news and the corporate news. what does that say to you? that you'd get "fiscal cliff, fiscal cliff," but not "job crisis, job crisis, job crisis"? >> it tells me, quite frankly, that many of these people, who by the way did not have much to say about the deficit when we went to war in iraq and afghanistan...
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Dec 10, 2012
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fiscal cliff. we're not reading out details of the conversation, but the lines of communication remain open. cnn's dan lothian is at the white house this morning. dan, i guess the fact that the lines of communication are open is a good sign. >> reporter: that's right. it is a good sign. it was just about a week ago that we were reporting about how nothing was going on, not in public and not in private. aides up on the hill, republican aides telling us there were no phone calls, no e-mails, no communication whatsoever. so this is encouraging in that the president sat down face to face with speaker boehner, but i think it's telling that both the speaker's office and white house put out these identical statements. i mean, what it shows here is that they've agreed to negotiate in private. there's a strategy here not to make this play out in public but rather happen behind closed doors so they can hash this out, hammer this out. it's unclear whether this will continue at that level. i did communicate wi
fiscal cliff. we're not reading out details of the conversation, but the lines of communication remain open. cnn's dan lothian is at the white house this morning. dan, i guess the fact that the lines of communication are open is a good sign. >> reporter: that's right. it is a good sign. it was just about a week ago that we were reporting about how nothing was going on, not in public and not in private. aides up on the hill, republican aides telling us there were no phone calls, no...
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has nothing to do with the fiscal cliff. why you might pay a lot more for medical supplies, things like rubber gloves, the stuff you see in hospitals all the time. bill: unbelievable. this little girl missing her soldier dad gets her christmas wish. these never get old. merry christmas. ♪ i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, evertime. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpn pie. and apple. 3% back on 4 trips to the airport. it's as easy as.. -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. martha: christmas is coming early for one little girl. this 5-year-old, her name is briel oaks. she got do meet santa at a county fair in wisconsin on thursday. she had just one thing on her list. >> so what would you like for christmas? >> my daddy to come home. >> where
has nothing to do with the fiscal cliff. why you might pay a lot more for medical supplies, things like rubber gloves, the stuff you see in hospitals all the time. bill: unbelievable. this little girl missing her soldier dad gets her christmas wish. these never get old. merry christmas. ♪ i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, evertime. 2% on groceries. 3% on gas. automatically. no hoops to jump through....
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Dec 10, 2012
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WBAL
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. >>> partisan effort to solve the fiscal cliff, president obama and john boehner met sunday to discuss the issue. republicans and democrats have been deadlocked how to prevent tax hikes and spending cuts set to kick in with the new year. the details of the conversation are being kept under wraps but both are saying the lines of communication are open. >>> the two deejays who pranked the hospital treating the duchess of cambridge last week now has had their show canceled. a nurse who was tricked by the hoax was found dead friday. the deejays who imperson ated queen elizabeth and prince charles say they are heartbroken and sorry if they played any role in the nurse's death. >>> mexican-american singing sensation jenni rivera was killed sunday when her plane cra crashed shortly after takeoff from monterey, mexico. all seven people were killed in the crash. a 43-year-old california native had sold more than 23 million records and was one of the biggest stars on mexican television. >>> south korean gangnam style singer psy did appear at last night's christmas in washington concert. under mo
. >>> partisan effort to solve the fiscal cliff, president obama and john boehner met sunday to discuss the issue. republicans and democrats have been deadlocked how to prevent tax hikes and spending cuts set to kick in with the new year. the details of the conversation are being kept under wraps but both are saying the lines of communication are open. >>> the two deejays who pranked the hospital treating the duchess of cambridge last week now has had their show canceled. a...
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cliff possibly approaching. tomorrow we did have the start of a two-day fed meeting, expected to possibly look at more economic stimulus. market diet, dow and nasdaq positive, s&p lower only by a -- fraction. bloomberg trading up a of a percent. skinny suits may be turning fat profits, jobs picture improves, retailers generating 25 to 30% of its business from the suits. if you are expecting a holiday gift from your employer don't get your hopes up. advertising specialty institute says the average gift will be worth about $42. gift cards and cash are most popular. live at the tphaepblg, i'm jane king. -- >>> nobody is getting that starbucks card $400 card. >>> good morning. here's a look at live doppler, keep the umbrella away you need sunglasses maybe short sleeves during the afternoon, temperatures near records in a few areas, still concerns, fairfield and santa rosa 3/4 mile visibility because of the fog. you can see winds gusting fast around oakland light in our valleys you are much cooler there in the 30s an
cliff possibly approaching. tomorrow we did have the start of a two-day fed meeting, expected to possibly look at more economic stimulus. market diet, dow and nasdaq positive, s&p lower only by a -- fraction. bloomberg trading up a of a percent. skinny suits may be turning fat profits, jobs picture improves, retailers generating 25 to 30% of its business from the suits. if you are expecting a holiday gift from your employer don't get your hopes up. advertising specialty institute says the...